White House Chairman of the Council of Economic Advisers Jason Furman announced today that 280,000 jobs were added for the month of May in what he refers to as "the strongest month of the year so far." The May employment situation saw 12.6 million jobs being added over a 63 month period in what the White House is calling the "longest streak" of job growth on record. The White has also announced five key points on the labor market for the month of May. 1. The private sector has added 12.6 million jobs over 63 straight months of job growth, extending the longest streak on record. Today we learned that private-sector employment rose by 262,000 in May. Our businesses created more than 200,000 jobs in fourteen of the past fifteen months—the first time that has happened since 1995. On the whole, our economy has added 3.1 million new jobs over the past twelve months, just off the fifteen-year high achieved in February. 2. Manufacturing employment is up strong...
Covering Washington politics. From Our vantage point. One point at a time.